The North America Oyster Sauce Market would witness market growth of 11.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 149,991.7 tonnes, showcasing a growth of 11.4% (2020-2023).
Non-MSG oyster sauce is gaining popularity as health-conscious consumers seek alternatives free from monosodium glutamate (MSG). This sauce is primarily used in Asian cuisine for enhancing the flavor of stir-fries, marinades, and soups while maintaining a rich umami taste. Its natural ingredients appeal to those looking for cleaner labels and healthier cooking options. Thus, the Canada market is expected to utilize 31,207.7 tonnes of Non-MSG oyster sauce by 2031.
The US market dominated the North America Oyster Sauce Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,588.1 Million by 2031. Canada market is experiencing a CAGR of 13.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.8% during (2024 - 2031).
Oyster sauce is a savoury, dark brown condiment commonly used in Asian cuisine. It is made from oyster extracts, sugar, salt, and water thickened with cornstarch. The sauce has a rich, umami flavour with a hint of sweetness, making it a popular ingredient for enhancing the taste of stir-fries, marinades, and sauces.
Additionally, oyster sauce acts as a natural flavour balancer in dishes, enhancing the sweetness and umami notes without overpowering the other ingredients. This property makes it particularly effective in achieving a harmonious blend of flavours, especially in stir-fries combining multiple ingredients.
The growth of the food processing sector in Canada has had a significant impact on the oyster sauce market, reflecting the increasing integration of diverse culinary influences into Canadian cuisine. According to the Government of Canada, the food and beverage processing industry was the largest manufacturing sector in the country in 2022, with production value reaching $156.5 billion. This robust growth not only highlights the sector's importance to the Canadian economy but also creates opportunities for various food products, including international sauces like oyster sauce.
Free Valuable Insights: The Oyster Sauce Market is Predict to reach USD 23.9 Billion by 2031, at a CAGR of 12.3%
Based on Product Type, the market is segmented into Non-MSG Oyster Sauce and Vegetarian Oyster Sauce. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online, and Other Distribution Channels. Based on Application, the market is segmented into Commercial and Household. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product Type (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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